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Darling has just revealed he believes you can borrow yourself out of debt. Man's a fool or being clever.
Think about this. Thatcher inherited a UK industry and labor market that was screwed. It needed some very swinging cuts to put it right and she did. But she put a lot of people out of work and even today Brown and Darling referred to her.
Will Cameron go down in history the same way and do Labour know this?
Cameron was spot on with the car allowance. Who drives a 10 year old car and can afford today to buy a new one? Yes just a few people and it's insignificant. The people who buy new cars are making money and change them in every 2-3 years.
The one thing Darling did not talk about was where this money he's borrowing is going to be spent and how it will get the UK economy to producing the goods to clear the debt. I fear they will spend it on things like the Olympics, which will be a money loser. He will spend it where Brown tells him and that will be the public sector.
As for higher rate of taxes, window dressing. You raise money from taxes by taxing at the base rate. Darling must know that.
No the UK is in serious trouble and the cuts needed or the real investment required was not revealed in this budget.
How does it effect us? Look at your traffic stats.
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